Course Demos     Log Into ABA eLearning     AIB Overview     AIB Online Courses     AIB Textbooks OFFICE OF FOREIGN ASSETS CONTROL (OFAC) ABA eLearning Self-paced online course (length: 20 minutes) Price: $55 members; $75 non-members  Print Registration Form     Enroll Online This course is also available at discounted prices under an annual license.  Call or email for details. This course is available to ABA Member banks at no cost under a license agreement Course Description:  Office of Foreign Assets Control (OFAC) provides key information relative to OFAC laws and regulations that are part of bank employees' daily responsibilities. This course explains the overall purpose and background of OFAC. It provides the purpose and use of the sanctions lists, as well as the general guidelines for handling matched names and blocked funds. REVISED: 2010         Audience:  Bank personnel who have deposit or lending responsibilities. Learning Objectives:  After completing this course, students will be able to: Explain the background of OFAC and the purpose of economic and trade sanctions Describe the purpose and use of OFAC's sanctions lists including the Specially Designated Nationals and Blocked Persons List Understand who must comply with OFAC regulations Describe how to handle a matched name Appreciate the penalties for non-compliance Describe how to handle a matched name Describe how to handle blocked or rejected transactions Identify reports that must be made to the United States Treasury Course Credits:  AIB: 0: ICB:  0.5 CCSR, CPB, CCTS, CFSSP, CLBB, CSOP Questions:  Please call 212-297-1679 or email elegg@nyba.com.